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  5. 460 Boat Gunnel Road
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Full details for 16 Bedroom Other For Sale in Townsend, Tennessee

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Description

Great Smoky Mountains resort investment opportunity with 20.86 acres, 9 cabins, 1 barn, and 1 pavilion. Thriving nightly rental revenue of $280,000 in 2022 and $185,000 thus far for 2023! Fully authentic log cabins with complete renovations in 2021 after being vacant for 14 years, totaling 9,962 sq ft. Please note that 8 cabins are fully renovated and fully furnished with active bookings under rental management program. The 9th cabin is open for renovations with panoramic mountain views and will be the highest income producer generating between $80,000-$120,000 depending on renovation choices. Additional building sites all over the private and secluded 20 acres. The pavilion is open for renovations and already has water lines along with septic on concrete slap making it perfect for additional income producer of 1 or 2 bedroom cabin that would easily generate another $30,000. New installments in 2022: hot tubs totaling $52,000, arcade games totaling $20,000, excavation/grade work totaling $20,000, steel cage bear proof trash bins totaling $5,200, and new plumbing lines throughout the resort totaling $15,000. In 2021, new HVAC mini split units were installed totaling $25,000. The property is equipped with septic, natural springs with water storage holding tanks, and 3 wells. Back to listing
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